PropertyInvesting.com | blaze | Activity https://www.propertyinvesting.com/members/blaze/activity/ Activity feed for blaze. Sun, 12 Apr 2026 13:00:16 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 d073bafe47b64aff5a3ae9fce2721226 blaze replied to the topic Which Suburbs? (Victoria) in the forum Help Needed! https://www.propertyinvesting.com/topic/4400028-which-suburbs-victoria/#post-4624885 Thu, 27 May 2010 16:00:09 +0000 i did not say it has to be ‘close’ to the city. i said the closer the better. and which suburb is the closest to city with a house price range 500K-600K.

just on top of my head. i was thinking like clayton, oakleigh, glen waverley, blackburn, and wonder if anything is closer and yet still within my range.

i know cranbourne frankston and the kind…[Read more]

]]> fe6085eb1d0da07a24c342126883920d blaze replied to the topic Which Suburbs? (Victoria) in the forum Help Needed! https://www.propertyinvesting.com/topic/4400028-which-suburbs-victoria/#post-4624881 Wed, 26 May 2010 18:01:20 +0000 i’m looking to live in myself. and i’m pretty sure houses still go for that range. might be not pretty and very good inner suburbs. but houses in east/ south east/ bayside zone 2 area still under 500K, definitely!

]]> dc2d994d434f1181447ae097c3ccc191 blaze replied to the topic Shifting equity from an IP to PPOR in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4397572-shifting-equity-from-an-ip-to-ppor/#post-4610480 Tue, 20 Oct 2009 06:24:12 +0000 i dont think you can do that. you can refinance your IP loan and get tax deduction benefit if the purpose of refinance is for another investment/ business, not for lifestyle or your home.i think there should be a get around this issue but just cant think one at the moment…

]]> e651c0c819f5323bc06f6f078b9c0fc3 blaze replied to the topic What would you do? in the forum Help Needed! https://www.propertyinvesting.com/topic/4397561-what-would-you-do-28/#post-4610428 Tue, 20 Oct 2009 06:18:49 +0000 1. pay off your credit card debt or which ever posing a higher interest.2. pay attention on interest rate rise. hinted would go to 4.25% by the end of next year. so that is 20% increase of repayment from 5 to 6% home loan. rent wouldnt be able to cover that.3. LMI is expensive. instead of going 95%, better go 80 – 85%.4. you should have a buffer…[Read more]

]]> 0fcae463ca18fa04d9fec76e6adc4345 blaze replied to the topic Interest only in the forum IO is simpler than I&P. how https://www.propertyinvesting.com/topic/4397565-interest-only-2/#post-4610438 Tue, 20 Oct 2009 05:58:33 +0000 IO is simpler than I&P.how it works? you would still have the choice of variable and fixed. and then you have the option to pay in advance or in arrears. last the option to pay weekly/ monthly/ yearly.the rate slightly different, in advance would basically lower than in arrears. each and everyone has its own advantage and disadvantages for every…[Read more]

]]> f475f08f0e3ec419e705f38b79d8d188 blaze replied to the topic Should I buy 2 cheaper investment properties or buy 1 awesome property to live in now? in the forum Help Needed! https://www.propertyinvesting.com/topic/4397543-should-i-buy-2-cheaper-investment-properties-or-buy-1-awesome-property-to-live-in-now/#post-4610361 Tue, 20 Oct 2009 05:40:55 +0000 buy the dream home instead of 2 investment propertiesi was thinking like this. that dream home today is $800K and you can afford it. In the next decade or less it could easily doubled and be $1.6M. would u be really sure you can afford it by then? even if you could its still then not worth it. the 10 years lifestyle sacrifice is not worth the cost…[Read more]

]]> 8e5a29144b9fb5c60c8d8f9d4fcb54f1 blaze replied to the topic Please Help: Can Vendor Withdraw Signed Contract? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4396681-please-help-can-vendor-withdraw-signed-contract/#post-4606305 Fri, 24 Jul 2009 11:38:57 +0000 What you guys said above are right.I guess I owe you guys the rest of the story:Back to the very fist offer I accepted, that was 340K. Then the higher next day offer was 350K. I calculated 15K difference because the 1st offer is from REA and the 2nd one is from my friend. Hence I saved at least 5K commission there if I sell to my friend. This was…[Read more]

]]> 6d3ad14f0803c512656222becf6249dc blaze replied to the topic Please Help: Can Vendor Withdraw Signed Contract? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4396681-please-help-can-vendor-withdraw-signed-contract/#post-4606297 Sun, 12 Jul 2009 12:35:40 +0000 To be exact. I received the contract signed by purchaser via email from the real estate agent. Then I print it out then signed it and scan it and send it back to the real estate agent. After that I am not sure where it is now. But I am assuming then my email is forwarded to the purchaser's email.So there is nothing I can do? like cooling off…[Read more]

]]> 24e85390aa500dea99b62ff6647c8629 blaze replied to the topic Can I eliminate LMI? in the forum Help Needed! https://www.propertyinvesting.com/topic/4395517-can-i-eliminate-lmi/#post-4599895 Wed, 25 Feb 2009 12:43:25 +0000 god_of_money wrote:
blaze… you must be brain-washed by the property spruiker which claimed property will double it price every 7-10 years.I don't think it will be going up by 5-10% in the next few years.. in fact the opposite or stagnant.In this current climate, people are looking for every single $ to save

it was doubled in the previous…[Read more]

]]> 463045b1b166b4c8bb6e2c3ba4f073a0 blaze replied to the topic NEW TO INVESTING - SYDNEY STUDIO UNIT A GO? in the forum Help Needed! https://www.propertyinvesting.com/topic/4395420-new-to-investing-sydney-studio-unit-a-go/#post-4599281 Wed, 25 Feb 2009 10:52:37 +0000 Terryw wrote:

wealthyjvd wrote:
whats the difference if you have IO and put money into the loan or have IO and save in offset?

Big tax consequences if it is an investment.Money paid into a loan = repayment. Withdrawing = new borrowings.If you put extra money into the loan and then wanted to withdraw $1000 for a holiday, then the interest on…[Read more]

]]> 3030ac675ede9fe9899905f2fcfa824d blaze replied to the topic Can I eliminate LMI? in the forum Help Needed! https://www.propertyinvesting.com/topic/4395517-can-i-eliminate-lmi/#post-4599891 Wed, 25 Feb 2009 10:16:43 +0000 Few lenders can waive LMI if you borrow just 85%. Last time I shopped ING and Wespac can do that.For me LMI is a smaller lost. Growth should be larger than the LMI.Say for a $400K property. 95% LVR would attract $7K LMI.But if you waited next year to save more money for the deposit the property would have up by 5 – 10%. that $400K property would…[Read more]

]]> b67c1802d150fbee43ee750a98f44c8e blaze replied to the topic Cost of Conveyancing in Buying a Property in the forum Help Needed! https://www.propertyinvesting.com/topic/4395462-cost-of-conveyancing-in-buying-a-property/#post-4599452 Wed, 18 Feb 2009 07:00:45 +0000 Thanks digger. I am in Melbourne, Victoria. Yeah what is done is done. Just wondering if others actually charge less. If it does then I shall shop around next time otherwise I will use them again.Anyone know what is ANSTAT TI is? That seems to be the major disbursement spent on.

]]> af6a978c46554cd568399aacfff3ebd7 blaze replied to the topic Golden rules for investment properties in the forum Help Needed! https://www.propertyinvesting.com/topic/4395451-golden-rules-for-investment-properties/#post-4599414 Wed, 18 Feb 2009 04:54:05 +0000 Qlds007 wrote:
With a little loan planning you could have made the PPOR Interest only with an Offset account from day 1 and still have the same interest saving and then when you move out the entire amount of interest on the loan would be tax deductible.Even your PPOR should be IO IMHO.

Ideally that is what I want to do. But I found that offset…[Read more]

]]> 3a7a45c332c0f0c5509cfae9ccdf55fd blaze replied to the topic Any one good with Math in the forum Help Needed! https://www.propertyinvesting.com/topic/4394766-any-one-good-with-math/#post-4595810 Thu, 20 Nov 2008 05:38:51 +0000 i think he said he owns 150K on 185K IP.so how much money will he get roughly:profit = sell price – purchase price – cost (stamp duty, agent commision, etc) = 280K – 195K – 10K = 85Kpay 30% tax from 85K, you left with 59.5K + 150K you own on the IP.so total you would get 209.5K

]]> 41e5cbd747b1f37493ec537d679052fa blaze replied to the topic paying rent when sharing? in the forum General Property https://www.propertyinvesting.com/topic/4394149-paying-rent-when-sharing/#post-4592507 Wed, 03 Sep 2008 08:31:35 +0000 Say the total rent is 1200. I would put the couple on 700 and the single on 500. Bills (eclectic, phone, gas, water, internet, etc) split 3 ways.

]]> 659605be4f2ce6d79241f99eff68ca99 blaze replied to the topic Do I need to get my house valued? in the forum Help Needed! https://www.propertyinvesting.com/topic/4393783-do-i-need-to-get-my-house-valued/#post-4590661 Thu, 21 Aug 2008 04:46:58 +0000 soloinvestor wrote:
Can I still claim depreciation on the property while it's being rented out, assuming that I'm going to move back in within 6 years to avoid CGT liability?

Yes, you can.

]]> f799e83b19ed1050d31057c6a75209db blaze replied to the topic melbourne or bust! in the forum Help Needed! https://www.propertyinvesting.com/topic/4393957-melbourne-or-bust/#post-4591626 Fri, 08 Aug 2008 08:08:50 +0000 1.3 M borrowing power… + 300 – 400K annual income :droll: :droll: :droll:get that 850k apartment then slowly try to purchase those 300K suburban houses. u can afford both :)

]]> 0f388dbdb1dc86a1adc87e56661c0b64 blaze replied to the topic Property and how many in the forum Help Needed! https://www.propertyinvesting.com/topic/4393933-property-and-how-many/page/2/#post-4591436 Tue, 05 Aug 2008 04:59:32 +0000 L.A Aussie wrote:

crashy wrote:
I agree that there are those who walk the walk and those who only talk the talk. you have to admire those who have built a large portfolio and dont mind sharing how they did it.making money is easy. keeping it is the hard part.I talked to a guy who had $3m worth of property leading into the early 90's recession.…[Read more]

]]> af78313ed7d81675a18a924eb5ad28ba blaze replied to the topic Property and how many in the forum Help Needed! https://www.propertyinvesting.com/topic/4393933-property-and-how-many/page/2/#post-4591434 Tue, 05 Aug 2008 04:17:23 +0000 A :)

]]> 25753f2d8ac3157262bc6325b715c3e9 blaze replied to the topic Help: Doing tax return for the 1st time with an IP in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393147-help-doing-tax-return-for-the-1st-time-with-an-ip/#post-4586587 Mon, 12 May 2008 04:20:38 +0000 Utilities you mean via a quantity surveyor?10%? blah… ok so how if I drop this completely, not claiming any deduction nor any rent income, hence still can get full CGT exemption? Is this ok?

]]> acacb1005d43f3ddd674000abc73fdae blaze replied to the topic Is there any house/townhouse/unit in Vic for 300K? in the forum Thanks for the replies https://www.propertyinvesting.com/topic/4392527-is-there-any-housetownhouseunit-in-vic-for-300k/#post-4583755 Mon, 03 Mar 2008 05:06:52 +0000 Thanks for the replies guys.In terms of investment – growth. Which one is better? A house in west suburb (Sunshine) or an apartment in east suburb (Hawthorn). I'll give some concrete examples:Sunshine house: http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2006916089OrHawthorn apartment:…[Read more]

]]> faa652b4ba3eafb842ba12adbb6d1558 blaze replied to the topic What is the mortgage common rules on buying IP Overseas in the forum Bugger! They are smarter https://www.propertyinvesting.com/topic/4392322-what-is-the-mortgage-common-rules-on-buying-ip-overseas/#post-4582775 Thu, 14 Feb 2008 11:14:45 +0000 Bugger! They are smarter than I thought ^_^

]]> 55c3a995b9e2b8765fdb008b3228f587 blaze replied to the topic Quick Question: How do you calculate depreciation? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392254-quick-question-how-do-you-calculate-depreciation/#post-4582468 Wed, 13 Feb 2008 06:09:14 +0000 So on what grounds I should or should not get a QS?

]]> 3b17d7dc6162198f3235a91cdd83f82d blaze replied to the topic I want to buy a home! in the forum General Property https://www.propertyinvesting.com/topic/4392298-i-want-to-buy-a-home/#post-4582691 Wed, 13 Feb 2008 05:59:46 +0000 1st thing to do is talk to your bank mortgage specialist. Explain your situation and needs. He will assess you then give you an estimate on what sort of price range you should be looking for.With that information go browse http://www.domain.com.au/ http://www.realestate.com.au for the location of your choice. See if the one you looking for suits the price range…[Read more]

]]> 7192fb3f0b20e047f9cfee972c48f74b blaze replied to the topic Quick Question: How do you calculate depreciation? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392254-quick-question-how-do-you-calculate-depreciation/#post-4582466 Wed, 13 Feb 2008 05:33:30 +0000 Hi Thanks for the answers guys.Can we learn to calculate it ourselves? Or we basically need the QS otherwise the depreciation we claimed might be rejected by the ATO?

]]> 827457f2cdea0c9b1c447d2dda1634cb blaze replied to the topic Statement of Adjustments in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4392310-statement-of-adjustments/#post-4582737 Tue, 12 Feb 2008 10:42:16 +0000 Oh now i get it. thx rad. i was just panicking "omg they put a trick on a newbie" ^_^basically instead of making a cheque to the vendor for $41.2K then later vendor pays the her solicitor for $1.2K. it goes directly from me $1.2K to solicitor and $40K to vendor.well still they trick me $10 for extra bank cheque but its ok. :)

]]> 20c0862ee843db70cfe0b9ae1ab3a0cc blaze replied to the topic Quick Question: How do you calculate depreciation? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392254-quick-question-how-do-you-calculate-depreciation/#post-4582463 Tue, 12 Feb 2008 08:54:17 +0000 Any lights? ^_^ or is my question unclear?

]]> 79b835560ccb0f02e023b5cc73367612 blaze replied to the topic Turning your PPOR into an investment property and then back again in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391951-turning-your-ppor-into-an-investment-property-and-then-back-again/#post-4580729 Tue, 12 Feb 2008 08:52:46 +0000 Yes Beginners that is my understanding as well. You can treat it as your PPOR without the need for you to actually move in to the property.

]]> 305410d332ec3dc06237772292c0c2d8 blaze replied to the topic student accom. apartments in the forum Finance https://www.propertyinvesting.com/topic/4392069-student-accom-apartments/page/2/#post-4581454 Fri, 25 Jan 2008 01:49:30 +0000 When I was making that post I was looking at this http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2006874220130K is the asking price. You may deal it 5 – 10% lower the asking price which will make the rent rate to be 11%Also it is 10 years projection. If it is longer then growth will win. And if it is only 5 years, hands down to the apartment :P

]]> 447c1e2e730de5c6d81ed5c4893d3ff1 blaze replied to the topic student accom. apartments in the forum Finance https://www.propertyinvesting.com/topic/4392069-student-accom-apartments/page/2/#post-4581452 Fri, 25 Jan 2008 01:30:13 +0000

]]> ce04b545bdf1a3dda04a441cae3d2651 blaze replied to the topic student accom. apartments in the forum Finance https://www.propertyinvesting.com/topic/4392069-student-accom-apartments/#post-4581451 Fri, 25 Jan 2008 01:26:11 +0000 My mortgage broker offered me few; ranging 75% – 60%. Higher LVR attracts higher interest rate. I chose the 60% one. My total outgoing is about $3000/year ($500 council, $100 water, $2400 body corp).

]]> db3d79bca1d17ab907395757e32b4dca blaze replied to the topic student accom. apartments in the forum Finance https://www.propertyinvesting.com/topic/4392069-student-accom-apartments/#post-4581448 Fri, 25 Jan 2008 00:55:54 +0000 Unilodge does have a bad reputation over the years. However I bought one there and live there currently. It is far from my dream home but for what it is worth that is pretty much what you get.With the limited income I only have few options:1. A house in a good suburb but 60 mins away from the city2. An old house in not too good suburb but only 15…[Read more]

]]> 96db2e284886fdff31c4ee3dd4c1e0e0 blaze replied to the topic RENTING OUT A PRINCIPAL RESIDENCE in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4392052-renting-out-a-principal-residence/#post-4581359 Thu, 24 Jan 2008 09:23:51 +0000 Terryw wrote:
You need to live in it first, as Tony mentioned, but the legislation does not give any minimum time frame that you must be in it before moving out

VStar wrote:
Hi, I'm guessing from your info you're based in Perth. For FHOG requirements you must live in it for 12 months from settlement date Check it out here – http://www.dtf.wa.g…[Read more]

]]> 59e6335230e47779f6b00afb0796f3e8 blaze replied to the topic Fresh Start: Buy PPOR vs. Rent & Invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392070-fresh-start-buy-ppor-vs-rent-invest/#post-4581457 Thu, 24 Jan 2008 08:44:26 +0000 Hi Paltsi,Welcome! I'm new too :) If I were you I would stop renting and stop supporting someone elses IP dreams. I would buy PPOR and then buy some IPs and let others support my IP dreams :PWhat do you think?

]]> fba29d91a7327660170ba619e13a9c7b blaze replied to the topic Tax on selling PPOR? -(have lived there for about 9 months) .HELP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392045-tax-on-selling-ppor-have-lived-there-for-about-9-months-help/#post-4581311 Wed, 23 Jan 2008 05:26:00 +0000 I'm interested in that ITAA. Can someone help re-write it for me in plainer English? I read that a dozen time cant seems to get my head around it ^_^

]]> 0b98f3b72b528f0c3073712d86bac9f3 blaze replied to the topic Interest only loan ......Is this a good idea in the forum Interest only option is https://www.propertyinvesting.com/topic/4392056-interest-only-loan-is-this-a-good-idea/#post-4581377 Wed, 23 Jan 2008 05:09:50 +0000 Interest only option is usually chosen when you just basically buying time than buying the property itself.If you think the property growth over years is higher than the amount of interest you pay during the time then interest only option is good.But if you are planning to own the property one day then paying principal early on would be better.If…[Read more]

]]> a4c52a3fa7fbccd94140969fd28eb9f1 blaze replied to the topic PPOR REGULATIONS in the forum Help Needed! https://www.propertyinvesting.com/topic/4392059-ppor-regulations/#post-4581384 Wed, 23 Jan 2008 04:58:08 +0000 Good question I've been wondering this myself too.

]]> 80c0dcf6b6548a7a135c295383e09489 blaze replied to the topic Should i sell as is or value add?? in the forum Value Adding https://www.propertyinvesting.com/topic/4391954-should-i-sell-as-is-or-value-add/#post-4580767 Wed, 16 Jan 2008 04:11:21 +0000 Main objective is you PPOR. If you can manage the min mortgage then do not sell it. Looks like a good growth and nice rent as well.Do renovate though. That would attract more renters and possibly higher rent rate as well. So your cost on renovating is not a loss.If the income from this property is not enough to help your PPOR then maybe refinance.…[Read more]

]]> 59d61442024d0a64271ea8b51671a1b0 blaze replied to the topic Quick Question: What is negative gearing? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391981-quick-question-what-is-negative-gearing/#post-4580966 Wed, 16 Jan 2008 04:00:50 +0000 Ah Thanks. So what is the idea behind this negative gearing strategy?Negative gearing basically is only more profitable when the growth of the property is higher than positive gearing property right? or is that more into it?

]]> 8ba290bb15480b297d888af4c5cfd86c blaze replied to the topic how did Steve McNight finance his properties? in the forum Finance https://www.propertyinvesting.com/topic/4391955-how-did-steve-mcnight-finance-his-properties/#post-4580788 Wed, 16 Jan 2008 03:52:48 +0000 While we are trying to know how exactly he did it, do not expect to copy his method on today practice and still achieve the yesterday result.The forum is free and the book cost doesn't include a tutorial session. Still trying to learn from him and calling his book crap is not a very good method of learning.It is too good to be true to invest in a…[Read more]

]]> 4203593f2b6666eea642719cc14dc94c blaze replied to the topic Quick Question: What is negative gearing? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391981-quick-question-what-is-negative-gearing/#post-4580964 Wed, 16 Jan 2008 02:54:32 +0000 Thanks Scott. To make sure, when you said interest, is it the mortgage interest?Example: Loan is $120K repayment $850/ month. Total repayment = $10,200 for the 1st year. That consist of:Interest: $8,800Principal: $1,400council rates, water, etc etc = $5,000rent = $16,200Net = income – interest – costNet = 16200 – 8800 – 5000Net = 2400 (this is…[Read more]

]]> 6eb58fc94b33937b883a204c44e9f097 blaze replied to the topic Two new young investors help with first home buyers in the forum Help Needed! https://www.propertyinvesting.com/topic/4391962-two-new-young-investors-help-with-first-home-buyers/#post-4580844 Wed, 16 Jan 2008 02:40:58 +0000 Valkyrie you are correct. I just purchase my 1st property 2 weeks ago so I can say the rule has not changed. You also need to stay there 6 months consecutively claiming that it is your Primary resident, so you cant move here and there on each month. It raises me a question though, do they check? ^_^

]]> ffdd65318625e5bd7c6b4d386fca800f blaze replied to the topic What should I do? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391743-what-should-i-do-7/#post-4579102 Fri, 28 Dec 2007 13:41:49 +0000 Woot, thanks for the welcoming and the haste replies. I am enjoying myself here :)Now that you mention about tax on term deposit; the 100% offset seems to be a very good idea. My initial thought was the account keeping fee of the 100% offset is higher than the loss I made by putting my money onto a term deposit. If I have thought about this earlier…[Read more]

]]> 852fb078806ed36dbdd4291a67ae4147 blaze replied to the topic Vendor avoiding settlement date in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391726-vendor-avoiding-settlement-date/#post-4578964 Thu, 27 Dec 2007 07:25:38 +0000 Thank Richard. I really dont want to terminate the contract. I've been looking for this 1st home for quite some times. Thinking to go through the process all over again… oh no.What is the default interest as per contract you mention? And performance remedies? I assume they are on the contract of sale, which I do not have it at the moment. It is…[Read more]

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